
Real business cycle theory was introduced by
A) Milton Friedman and Robert Lucas.
B) Milton Friedman and Anna Schwartz.
C) Thomas Cooley and Gary Hansen.
D) Finn Kydland and Edward Prescott.
E) Robert Lucas.
Correct Answer:
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Q1: In the real business cycle model,a persistent
Q3: In the real business model,a persistent increase
Q4: The Keynesian view implies that there is
Q5: According to real business cycle theorists,an increase
Q6: Measurement errors of changes in the Solow
Q7: The basic real business cycle model has
Q8: An important critique of real business cycle
Q9: Shocks to total factor productivity are least
Q10: An important critique of real business cycle
Q11: The behaviour of the Solow residual suggests
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